AM Best Information Services

APRIL 01, 2021 11:39 AM (EDT)

AM Best to Lead Innovation-Focused Session at Farm Bureau Commercial Conference

 Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

Jim Peavy
Director, Communications
+1 908 439 2200, ext. 5644


OLDWICK - APRIL 01, 2021 11:39 AM (EDT)
AM Best will present a session focused on innovation in the commercial lines insurance segment at the 2021 Farm Bureau Commercial Conference, which takes place April 7-9, 2021.

In March 2020, AM Best formally integrated its criteria procedure, “Scoring and Assessing Innovation,” into its rating process, which outlines how AM Best explicitly will consider an insurance company’s innovation efforts. Joseph A. Burtone, director, will lead the presentation, titled, “Innovation in the Commercial World,” which will look at commercial lines insurers’ efforts on harnessing emerging technologies, as well as updating products, processes or services. The session will take place April 7 at 12:20 p.m. (EDT). Burtone has worked for decades in the insurance industry, with more than 20 years’ experience at AM Best. He is responsible for managing a team of rating analysts, covering property/casualty insurance companies in the United States, including farm bureau companies, mutual insurers and regional writers.

Farm bureaus generally focus on a niche market of farmers, ranchers and agriculture-affiliated individuals/business in rural areas or small cities. The online conference is themed as “Igniting Commercial,” and includes panel sessions on loss control, underwriting and claims and talent management. For more information, please visit the event webpage.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.